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About Shane
Expertise
Hello, my name is Shane. I currently work at a financial institution in customer service and sales. I am able to answer most questions you have regarding banking products and services, how to use them, and what products may benefit you best. I can also help you to weigh the risks of various types of savings vehicles such as questions pertaining to CDS, money market accounts, etc. Feel free to ask and I promise I will do the best I can to answer.
Experience
Customer Service and Sales call center experience. Assists in training new hires for customer service. Well versed with FDIC policies, banking compliance laws, and a wide variety of product knowledge.
Organizations
American Association of Medical Assistants
Education/Credentials
High School Graduate and Medical Assisting Diploma
Awards and Honors
Significantly exceeds expectations annual review from the bank I presently work at
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You are here: Experts > Real Estate > Banking: U.S. > Using Banks and Bank Accounts > reason for returned check
Expert: Shane
Date: 9/28/2008
Subject: reason for returned check
Question
we deposited a check for almost $2,500. for back rent owed. The check was drawn on a out of state bank. It was held and we did not receive it back in what I consider a
reasonable time. The reason for being returned was "refer to maker" She was gone and we had no way of getting hold of her. We turned it over to the PA and they would not do anything with it because the first time it was returned of the reason. It was sent for collection and it came back insf. I was a officer of a bank and employed for thirty three years. I was always told you either pay it or return it for insf. Can you give me an answer to this
problem. Thanks
Answer
Banks usually will not return the check to you unless your account is not negative as a result of the check being returned NSF. i would contact the bank's loss prevention department on that to see what your banks policy is, but I do know that it varies from institution to institution
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